gold stocks postpage LB desk

The Share Price Of LVH Zoomed Up On Monday After Its Enterprise Agreement With Jemena

  • December 18, 2018 01:24 PM AEDT
  • Team Kalkine
The Share Price Of LVH Zoomed Up On Monday After Its Enterprise Agreement With Jemena

Livehire Limited (ASX: LVH) which is into the business of accelerating end to end hiring process through is talent acquisition and engagement platform announced on 17 December 2018 that it was successful in securing enterprise agreement with Jemena which is one of the leading organizations which deals in energy infrastructure and distribution.

non AMP MTF 10th feb webinar

As per the enterprise agreement with the Jemena, Livehire is responsible for the recruitment of employees across the entire operations of Jemena. The company expects that through the agreement, the company would be able to generate an annual recurring revenue which is twice its current ARR across its clients. Livehire considers the adoption of Livehire’s platform to deal with more extensive and complex enterprises, a part of the company’s direct sales strategy.

The agreement includes the Livehire’s platform capable of allowing the inflow of talent to Jemena which is rapidly deployable, scalable, integrated and have a single united profile of the candidate. The agreement also includes the integration of Livehire’s platform with the client’s Human Resource Information System (HRIS).

Further, the company announced that it had issued performance rights as well as fully paid ordinary shares to its new Senior Management Personnel that will depend on the loan arrangements.

The company will issue around 338,352 Performance Rights which forms a part of salary and a portion of incentive arrangement. The company will issue around 1,000,000 loan back shares with the issue price of $0.47288 based on the 5-days VWAP (volume weighted average price) of company shares.

Further, the company declares the cleansing statement where it notifies ASX under section 708A(5)(e) of the Corporations Act 2001, that it has completed the issue of allotment of 1,000,000 Loan Back Shares and 20,000 fully paid ordinary shares.

The official listing date of LVH is 10 June 2016. The performance of the LVH since its inception is 161.11%. The last one-year performance of the company is 58.04%.

For the financial year 2018, ending on 30 June 2018, the net loss incurred by the company was $10,096,222. The balance sheet of the company appears to be quite healthy. Its debt-equity ratio is 0.06. The company has maintained a strong net asset base of $32,291,040 which highlights that the position of the company is quite strong regarding meeting its long-term liabilities. Further, the company has maintained its position regarding meeting its short-term obligations and its working capital. It is because the total current asset of the company is much above its total current liabilities. However, as a result of increased accumulated losses, there might be chances that it creates a negative influence on the shareholders of the company. It also represents the poor operating performance of the company. There is around $32,291,040 in the form of total shareholder’s equity.

The net cash and cash equivalent available with the company by the end of FY2018 were $30,073,106. On 18 December 2018, the market price of the share was A$0.515 which is 0.020 points below its previous day’s closing price with the market capitalization of A$142.64 million.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK